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..............Good afternoon Prod.........As a LTH here, it seems to me that they are utterly bereft of good JUDGEMENT, and their 'Concerns' always retrospective (not PROSPECTIVE, as they should be). However, I suggest that you refer to my last post (Sunday 21.36) for now, and do further research based only on RNS and the Cyanconnode website. The Project here is 'The Modernisation and Expansion of the Indian National Grid' (to include Utilities reformation, and complete refurbishment/ replacement and upgrade of Infrastructure (especially Transformers and Substations)). The Project Manager (MOP/CEA), is in the 'driving seat' , so calls the shots, and the problems, going forward. I am expecting a Trading Update (to 31.12.20) early January '21. Good Luck, P.
Good evening Tonyj............. It has been my experience that, in investing particularly, good JUDGEMENT reaps its own rewards! Here, CC have provided GOI/MOP with a world-class product suitable for IOT Smartcities status by 2030. With Schneider Electric now on board , the product's export potential to the ROW is significantly enhanced, and with mass production/ stockpiling continuing robustly, the Orders must surely follow. For me, it's a 'No Brainer' , (my money is firmly on the Product, anyway, and I expect to stay with CC for the next 4-5years too); patience is key (not the SP), and 'Keeping the Faith', too. I rest my case.!! Good Luck, and enjoy a 'safe' Christmas everybody. P.
Good evening Tonyj..........I note that there has been a significant shortage of News about 'New Orders' over the last two years or so; I also note that Schneider's 'Stategic Acquisition' took more than two years to successfully complete (and cost £1.43 billion !!)...........just to become CC's new Partner, replacing L&T! Given that JC needs MM's authorisation to release an Order update, I am curious to know what impact, (if any), this has had on the progress of ANY new Order! That said, I agree with everything you say in your post (11.04)! Meanwhile, patience is key - keep the Faith !!! Good luck, P.
Good afternoon LTI............. 'Tis indeed sad to see him go, but I have no doubts about JC's judgement in respect of Anil or his replacement! Meanwhile, mass production/stockpiling of CC's world - class Hybrid IOT product continues in India and China despite Covid 19 !! Good luck, P.
.............Good evening all..........CC's Hybrid IOT Solution has been on the stocks now for 18 months. With a FEW Orders for this product already delivered and paid for, it's IMPORTANT (to me at least) to know whether CC is 'Trading in Proft' yet.! If this 'event' is confirmed, then JC might be "pleased to announce a mega list of Orders"...........( held up, pending confirmation of such event). Just a thought, could be good for the SP too! GLA, P>
Good Evening ITT...................Yes, I agree, but at this point, and with MOP's "Financial Mechanisms" finally in place, it is orimportant, and helpful, if the unaudited Interim Results could confirm that CC is now 'trading at profit', or, at least very close to 'Break-Even' ! One other thought.......HP mentioned that,' following recent Lockdowns, manufacturing had quiickly resumed in both India and China'............ is stockpiling falling behind expectations and causing problems/ delays? Good luck, P.
Good afternoon Colour.................that's a bit of a surprise, are you SURE that ' CC had paid to attend ' - how do you KNOW? They could have 'Charged' (to defray expenses of their Reps - Anil (CEO) and Silvain(CTO) - to attend), but I don't think they did! I do know that 800 'Attendies'(a full house - mainly meter manufacturers and systems integrators from the ROW), paid to attend and discuss a collabrative strategy for the fast- track rollout of smart metering in India! Also, what was Anil's presentation about that it only took ' 10 minutes to Air'? I suggest that, in order to answer my questions , you might DYOR starting May 2015 up to date (like I have) - it shouldn't be difficult, there are plenty of 'clues' ! Meanwhile, patience is key, and K!!eep the Faith !! Good luck, P.
Good evening Colour............... with respect, a serious question......Why do you think CC were invited to' present'in two sessions (out of 5) at that 'Closed International Meeting' (11-12 November, 2019), which was co-hosted by the World Bank, the Asia Development Bank, the US Agency for International Development, and the World Resources Institute India? Did CC derive any benefit from that invitation, and what do you think might have happened at the other three sessions? I await your response with interest. Good luck, and stay safe. P.
Good evening LTI....................If Schneida has become CC's new 'Partner', then with with increased production and enhanced export potental, it bodes well for CC's global product, I feel ; - clarification/confirmation from JC would help.!! Good luck, P
.............Good evening Tonyj ............EESL's recent reference to 'their NEW public procurement rulebook for compulsory purchase preference to local suppliers', directly relates to my suggestion of a 'Bulk Purchase Fixed Price' Supply Contract for the rollout of CC's Hybrid Omni RF Mesh Solution....(my post 28.06.20 refers) This being the case, and now that MOP have all the future' funding mechanisms' in place ( NIIF), processing of all those delayed Orders should be resumed,asap, especially those from the UDAY Scheme. Meanwhile, patience is key, 'Keep the Faith'!! Good Luck, P.
Good evening Tonyj................in the recent Presentation, ...I note that CC's Hybrid Omni RF Product, is fully COMPLIANT with all "Functional Requirements" specified by MOP/CEA in their Paper " Functional Requirements of AMI in India" (August 2016). For Smart Meters, the 'Functional Requirements' appear to be based on 'Cylec' ( ref. Pilot Programme 2014 - 2016), but with 'Prepaid functionality', and.......'should bear a name plate clearly visible,, effectively secured against removal, and distinctly marked in accordance with IS 16444(latest version), So, now that CC have given them all that they asked for, and "Funding Mechanisms" (especially Cash Flow), are in place, MOP, despite their problems, should be able to deliver significant Orders quickly - unfortunately, but realistically, the Indian Rollout will take 4-5 years to complete IMO !!! Good Luck, P.
Good morning, LTI, Tonyj.............Yes, very interesting indeed...............In my book, this could prove to be a significant PR boost on the world stage, for CC............hopefully, Anil will 'advise approprately,in due course' Meanwhile, and back to RNS(22.06.20)..........."the first shipment of 10000 Omnimesh RF Modules........has been delivered" .........RF Modules?? , won't that be enough to 'service' up to 2,000,000 (2m) Smart Meters?........and all paid for, UP FRONT.!! Good Luck, and 'Keep the Faith' P.
Good evening, Tonyj....................Harking back to your post last Saturday(13.17), I don't think that CC is a member of G3, but Landis & Gyr is an Executive member, and Hexing (MOU) is an 'Active' member.! I also noted several months ago, that Sylvain Vittecoq, our CTO, was 'presenting in PARIS' - was he at that G3 Trialog meeting, I wonder? Finally, I presume that G3 are talking about a MINIMUM global Standard, because CC's product appears to be superior to that Standard. already.!! Good luck, and'. Keep the Faith.' P.
Good evening Lucky..................I am a LTH half way through a 10 year timeframe, and my money is firmly on the Product.!! The company has been in India for many years, building a superb eco-system and its first product ( 'Cylec' - Smart Meter) in 2015. 'Connode' was acquired in June 2016, the RF Omnimesh platform was introduced September 2017, and the prototype of the Hybrid RF Omnimesh Solution was introduced April 2019. In my book this appears to be the 'preferred solution' for GOI/MOP in India (to me, it's a 'No Brainer' - It's Unique, revolutionary, and innovative, with minimal TOC over 10 - 15 years; what is more it's suitable for GLOBAL deployment over the next 7-10 years too! At the moment I'm waiting to see if they have reached ' break-even' and trading in profit at last......the next Trading Update Q1/20, due soon, will hopefully advise appropriately. Meanwhile, one has to Keep the Faith,! Good Luck P.
Good afternoon LTI/Vas..............further to your post yesterday,(15.07), ..............as CC's Hybrid RF Omni module is produced in TAIWAN, it would normally incur an 'Import Duty' of 15%, but the T&C's of MOP's longterm 'Bulk Purchase Fixed Price' (BPFP) Supply Contract will effectively decree that Hybrid will be imported "Duty Free"(for the duration of the rollout; it will also reduce 'Costs' and lower the 'Fixed Price - my post 02.02.20 refers. I also suspect that the JVVNL rollout and all the other delayed Orders were 'held up' pending full and final agreement of this contract's T&C's...so, now that's come to pass. i would expect a very interesting Trading Update Q1/20 very soon, please.! GLA P.
Good afternoon LTI,CB and all....................I suspect that tomorrows Presentation wii be a re-run of CC's presentations at MOP's 'International Symposium' event ( the closed door meeting), last November! Personally, I am waiting for the quarterly Business Trading Progress Report Q1/20, which, importantly, will advise whether CC has achieved 'break-even' yet - as well as the current status of the Bangladesh, Iran, UAR/Bahrein projects, and of our Chinese partners (Beijing Instruments and Hexing), too!! GLA P.
Good evening Tonyj..............harking back to that Bangladesh Contract...............I understood that it was "set aside", (put on hold, pending further product development.) After product devlopment was completed in March 2019 (Hybrid), a Bangladesh Govt delegation reportedly visited CC's Indore project (probably at Anil's invitation), a few months later, and were 'very impressed' with what they saw. If theContract was still 'live' and the T&C's in place, it shouldn't be too difficult to reactivate with a new Order which would supercede all the old Orders. Hopefully, we shall find out the current status of this particular contract on Tuesday, too.! Good luck, P.
Good evening all................Further to my post (23.12.19), now that 10000 Hybrid RF Omni modules ( to service 2 million smart meters ?), have been delivered to Genus, who have paid CC up front, tells me this process (" Bulk Purchase Fixed Price" Supply Contract ) is the way forward for MOP's UDAY programme and CC's product. More grist to the Mill, methinks ! GLA P.
Good afternoon all. I don't know what the problem was with the JVVNL rollout, but it must have been fundamental to the whole process, and took 12 months to resolve! However, if it's now 'business as usual', it's my EXPECTATION that all the new Orders delayed/held up by this disruption...............could be brought forward within the next few weeks - at least, it should bring everything more up to date (as at 31.12.19), and confirm that 'demand remains strong in India'. GLA , P.